Home / M&A Activity / KBR Buys Carillion’s Stake in Aspire Defence JV

KBR Buys Carillion’s Stake in Aspire Defence JV

KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January.

KBR said Thursday that it closed the acquisition of Carillion’s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services.

Aspire Defence JV supports the U.K. defense ministry’s Project Allenby Connaught through construction, design and maintenance services in support of the British army’s working and living accommodations.

Stuart Bradie, KBR president and CEO, said the company will continue to provide maintenance and construction support for the project’s army basing program as well as deliver base support services across Aldershot and Salisbury Plain garrisons.

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